Comments on: NHL owners offer 50-50 split of hockey related revenue in hopes of full seasonhttp://blogs.sun-sentinel.com/sports_hockey_panthers/2012/10/nhl-owners-offer-50-50-split-of-hockey-related-revenue-in-hopes-of-full-season.html
Tue, 13 Nov 2012 01:22:39 +0000http://wordpress.org/?v=2.9.2hourly1By: Danahttp://blogs.sun-sentinel.com/sports_hockey_panthers/2012/10/nhl-owners-offer-50-50-split-of-hockey-related-revenue-in-hopes-of-full-season.html/comment-page-1#comment-41665
DanaWed, 17 Oct 2012 20:28:09 +0000http://blogs.sun-sentinel.com/sports_hockey_panthers/?p=5687#comment-41665I guess existing contracts will be grandfathered and the average cap hit will extend beyond retirement. The large contracts are really going to throw an anchor around teams when the new Cap kicks in the following year. It wasn't mentioned, but it's possible each team will have an option to jettison one large contract without a Cap hit as long as they exercise the buy out clause. To rich owners this won't be a problem, but those without deep pockets will be hurting.I guess existing contracts will be grandfathered and the average cap hit will extend beyond retirement. The large contracts are really going to throw an anchor around teams when the new Cap kicks in the following year. It wasn’t mentioned, but it’s possible each team will have an option to jettison one large contract without a Cap hit as long as they exercise the buy out clause. To rich owners this won’t be a problem, but those without deep pockets will be hurting.
]]>By: Wait-A-Minutehttp://blogs.sun-sentinel.com/sports_hockey_panthers/2012/10/nhl-owners-offer-50-50-split-of-hockey-related-revenue-in-hopes-of-full-season.html/comment-page-1#comment-41664
Wait-A-MinuteWed, 17 Oct 2012 17:29:57 +0000http://blogs.sun-sentinel.com/sports_hockey_panthers/?p=5687#comment-41664Here's some of the additional details of the offer that I pulled off the internet:
The upper limit on the 2012-13 salary would fall to $59.9 million and the floor would be $43.9 million. Because 16 of the 30 teams already exceed the upper limit, teams can go to $70.2 million in the first year. That was the working number for general managers this summer. There are proposals to ensure players don't get contracts rolled back and teams have to make good on money that players lose in the first two years.
Revenue sharing would rise from $150 million to $200 million, lower than the union's proposed $240 million.
Existing contracts of five years or more would have the cap hit count against a team even if the player retires. That would deal with the contracts such as the 15-year, $100 million deal to Ilya Kovalchuk. The Devils would have to absorb the $6.66 million cap hit, even if he's no longer playing. If he's traded, the new team would absorb the hit but it would revert back to the Devils after he retired.
Teams could no longer get rid of a cap hit by burying a player in the minors as the New York Rangers did with Wade Redden.
The following contracting rules are proposed:
Two years for entry-level contracts, down from the current three years and down from the originally proposed five.
Unrestricted free agency at 28 or eight years, up from 27 or seven years, and down from the proposed 10.
Five-year cap on contract lengths.
This is designed to address a league concern about players getting paid too much coming out of their entry-level deals.
During a contract, the salary couldn't vary by more than 5% in any year. This would eliminate the so-called diveback contract that pays a lot up front and lowers the cap hit with low salaries at the end.
Salary arbitration would not be eliminated as first proposed.
A third-party arbitrator would be appointed if a player was unhappy with the current appeals result on a suspension.Here’s some of the additional details of the offer that I pulled off the internet:

The upper limit on the 2012-13 salary would fall to $59.9 million and the floor would be $43.9 million. Because 16 of the 30 teams already exceed the upper limit, teams can go to $70.2 million in the first year. That was the working number for general managers this summer. There are proposals to ensure players don’t get contracts rolled back and teams have to make good on money that players lose in the first two years.

Revenue sharing would rise from $150 million to $200 million, lower than the union’s proposed $240 million.

Existing contracts of five years or more would have the cap hit count against a team even if the player retires. That would deal with the contracts such as the 15-year, $100 million deal to Ilya Kovalchuk. The Devils would have to absorb the $6.66 million cap hit, even if he’s no longer playing. If he’s traded, the new team would absorb the hit but it would revert back to the Devils after he retired.

Teams could no longer get rid of a cap hit by burying a player in the minors as the New York Rangers did with Wade Redden.

The following contracting rules are proposed:

Two years for entry-level contracts, down from the current three years and down from the originally proposed five.

Unrestricted free agency at 28 or eight years, up from 27 or seven years, and down from the proposed 10.

Five-year cap on contract lengths.

This is designed to address a league concern about players getting paid too much coming out of their entry-level deals.

During a contract, the salary couldn’t vary by more than 5% in any year. This would eliminate the so-called diveback contract that pays a lot up front and lowers the cap hit with low salaries at the end.

Salary arbitration would not be eliminated as first proposed.

A third-party arbitrator would be appointed if a player was unhappy with the current appeals result on a suspension.

]]>By: massa muscularhttp://blogs.sun-sentinel.com/sports_hockey_panthers/2012/10/nhl-owners-offer-50-50-split-of-hockey-related-revenue-in-hopes-of-full-season.html/comment-page-1#comment-41663
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]]>By: Wait-A-Minutehttp://blogs.sun-sentinel.com/sports_hockey_panthers/2012/10/nhl-owners-offer-50-50-split-of-hockey-related-revenue-in-hopes-of-full-season.html/comment-page-1#comment-41658
Wait-A-MinuteWed, 17 Oct 2012 12:40:32 +0000http://blogs.sun-sentinel.com/sports_hockey_panthers/?p=5687#comment-41658First, I think the NHLPA will have a public relations problem if they reject a 50-50 split. It's going to be hard to explain to fans why equal sharing is a bad thing. But I think the issues that they wil push the NHL on include the issue of how current contract amounts actually get deferred over the remaining years of a contract. I also continue to believe the NHLPA will push to see some sort of revenue sharing enhancement made part of the CBA, perhaps even if it uses some of that deferred compensation to make it happen.First, I think the NHLPA will have a public relations problem if they reject a 50-50 split. It’s going to be hard to explain to fans why equal sharing is a bad thing. But I think the issues that they wil push the NHL on include the issue of how current contract amounts actually get deferred over the remaining years of a contract. I also continue to believe the NHLPA will push to see some sort of revenue sharing enhancement made part of the CBA, perhaps even if it uses some of that deferred compensation to make it happen.
]]>By: Danahttp://blogs.sun-sentinel.com/sports_hockey_panthers/2012/10/nhl-owners-offer-50-50-split-of-hockey-related-revenue-in-hopes-of-full-season.html/comment-page-1#comment-41648
DanaWed, 17 Oct 2012 06:30:48 +0000http://blogs.sun-sentinel.com/sports_hockey_panthers/?p=5687#comment-41648Interesting blog from espn. Cap will stay at $70M this yr, but drop to $59M the following year. Sounds like many restructured contracts to fit into the cap. Wonder where this puts Luongo? I guess that's he and Vancouver's problem.
http://espn.go.com/blog/nhl/post/_/id/19780/breaking-down-the-leagues-proposal.
Still hope I'm wrong the NHLPA's demands will sink this offer, but Fehr is one TSB.Interesting blog from espn. Cap will stay at $70M this yr, but drop to $59M the following year. Sounds like many restructured contracts to fit into the cap. Wonder where this puts Luongo? I guess that’s he and Vancouver’s problem.

Still hope I’m wrong the NHLPA’s demands will sink this offer, but Fehr is one TSB.

]]>By: Danahttp://blogs.sun-sentinel.com/sports_hockey_panthers/2012/10/nhl-owners-offer-50-50-split-of-hockey-related-revenue-in-hopes-of-full-season.html/comment-page-1#comment-41643
DanaWed, 17 Oct 2012 05:12:51 +0000http://blogs.sun-sentinel.com/sports_hockey_panthers/?p=5687#comment-41643I know this is workable deal but I think Fehr will push the players to hold out for much more. Will they hold the owners feet to the fire for more? Yeah, I think they will and I don't see this getting settled as quickly as some think without some or all of the season being lost. Hope I'm wrong!I know this is workable deal but I think Fehr will push the players to hold out for much more. Will they hold the owners feet to the fire for more? Yeah, I think they will and I don’t see this getting settled as quickly as some think without some or all of the season being lost. Hope I’m wrong!
]]>By: Wait-A-Minutehttp://blogs.sun-sentinel.com/sports_hockey_panthers/2012/10/nhl-owners-offer-50-50-split-of-hockey-related-revenue-in-hopes-of-full-season.html/comment-page-1#comment-41636
Wait-A-MinuteTue, 16 Oct 2012 20:08:24 +0000http://blogs.sun-sentinel.com/sports_hockey_panthers/?p=5687#comment-41636In addition to splitting revenues 50-50 with no salary roll-back (and the lost salary to get down to a lowered cap ceiling goes back to the players over the course of their contracts), the offer also includes free agency starting after 8 years or when the player turns 28; 3 year entry level deals and non entry level contracts get capped at 5 years and arbitration stays in place. One of more interesting provisions is that the NHL contracts of a player that is playing in the AHL, like the Rangers' Wade Redden, get counted as part of the cap for that team.
The league wants a one-week preseason/training camp and then games would start by November 2nd with a full 82 game schedule.
I think they will both negotiate from this point and hammer something out. I still think the players will ask the league to increase revenue sharing to help out the smaller market teams.In addition to splitting revenues 50-50 with no salary roll-back (and the lost salary to get down to a lowered cap ceiling goes back to the players over the course of their contracts), the offer also includes free agency starting after 8 years or when the player turns 28; 3 year entry level deals and non entry level contracts get capped at 5 years and arbitration stays in place. One of more interesting provisions is that the NHL contracts of a player that is playing in the AHL, like the Rangers’ Wade Redden, get counted as part of the cap for that team.

The league wants a one-week preseason/training camp and then games would start by November 2nd with a full 82 game schedule.

I think they will both negotiate from this point and hammer something out. I still think the players will ask the league to increase revenue sharing to help out the smaller market teams.